1 Better Understanding the Role of Software in the Information Economy: A Preliminary Overview of Research, Policy and Measurement Challenges “Transforming.

Slides:

Advertisements

Similar presentations

KLEMS and the NIPAs J. Steven Landefeld, Director World KLEMS Conference Harvard University August 20 th, 2010.

Advertisements

OECD World Forum Statistics, Knowledge and Policy, Palermo, November

The BEA-NSF R&D Satellite Accounts, 2007 Results and Current Challenges Carol E. Moylan Bureau of Economic Analysis OECD Working Party on National Accounts.

Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting Statistics January 30-February 1, 2013 Kingston, Jamaica.

INFO 4470/ILRLE 4470 National Income and Product Accounts: Business Cycles John M. Abowd and Lars Vilhuber February 23, 2011 Thanks to Brent Moulton, BEA.

ICTs IMPACT ON JOBS EVIDENCE FROM OECD COUNTRIES Andrea de Panizza ISTAT and OECD STI - Economic Analysis and Statistics Internet, Jobs & Skills: an Opportunity.

1 1 Capitalisation of R&D in the national accounts Ann Lisbet Brathaug Head of National accounts Statistics Norway

PRIME MINISTRY REPUBLIC OF TURKEY TURKISH STATISTICAL INSTITUTE TurkStat NATIONAL ACCOUNTS IN TURKEY 1 TurkStat.

Remarks, Policy Roundtable Advancing Knowledge and the Knowledge Economy Carol Corrado, Federal Reserve January 11, 2005.

Issues in Measuring Knowledge: The Contribution of R&D and ICT to Growth Jacques Mairesse* and Yusuf Kocoglu** Advancing Knowledge and the Knowledge Economy.

1 OECD/NSF Conference on Advancing Knowledge and the Knowledge Economy National Academies, Washington DC January 2005 OECD Work on Knowledge and.

The Importance of, and Challenges to, Incorporating Distributional Information Into Macroeconomic Data J. Steven Landefeld, Director NABE Statistics.

Intellectual Property & the Economy J. Steven Landefeld, Director New York State Bar Intellectual Property Section Fall Meeting September 14th,

Colombia: Private Sector Outlook National Business Association of Colombia January 2015.

Contribution of ICT to Economic Growth in Asia ITS 15 th Biennial Conference Berlin, Germany, September 7, 2004 Takahito Kanamori (Waseda University) Masahiro.

Comments on DATA WATCH: Implementation of a New Architecture for the U.S. National Accounts Bart van Ark The Conference Board January 4th, 2009 www. conference.

The Knowledge Economy, Intangible Investment and Growth

Integration, KLEMS and the NIPAs J. Steven Landefeld, Director World KLEMS Conference Harvard University August 20 th, 2010.

Fiscal Policy Distortionary Taxes. The Data Information on Government Budgets is typically available from Treasury/Finance Ministry. –IMF Government Finance.

The Role of Statistics in the United States’ Economic Future “Statistics for policymaking: Europe 2020” Eurostat March 10th, 2011 J. Steven.

Accounting for Research and Development Expenditures Jennifer Ribarsky National Accounts Division, OECD 2014 NBS-OECD Workshop 2 – 5 December 2014.

The Role of Latin America in the World Economy By Dale W. Jorgenson Harvard University October 6, 2008 Seminario Internacional Fundacion BBVA – Ivie 2008.

Intellectual Property & the Economy J. Steven Landefeld, Director “Intangible Assets in Corporate Reporting and National Accounts” A Policy.

1 The Industry Origins of the Second Surge of U.S. Productivity Growth Kevin J. Stiroh* Federal Reserve Bank of New York May 2006 *These comments are the.

Measurement of the Output of Non-Life Insurance Brent R. Moulton Working Party on National Accounts, OECD Paris October 25–28, 2011.

1 Information and Communication Technologies (ICT) and the Transformation of the Economy Andrew Wyckoff and Dirk Pilat Organisation for Economic Co-operation.

Looking Ahead: 2013 NIPA Comprehensive Revision Brent Moulton BEA Advisory Committee Washington, DC May 11, 2012.

The Emerging High Tech Competitors from Asia, Contrasts between the national systems of innovation and its performance of China and India Professor Sunil.

The U.S.R&D Satellite Account: Measurement Issues and R&D Satellite Account Methodology Sumiye Okubo R&D Conference December 13, 2006.

Bridging Theory and Practice in National Accounting … with a focus on growth, productivity and intangibles Bart van Ark November 17, 2008 www. conference.

Chapter Five: Macroeconomic Measurement: The Current Approach.

Comments on R&D Satellite Account: Strengths and proposals for improvement Bureau of Economic Analysis Conference Measurement Issues and the R&D Satellite.

Chapter 17: Labor Productivity: Wages, Prices, and Employment

GDP, the National Accounts, and Census Economic Data Brent Moulton March 15, 2007.

Capitalization of Military Weapons Systems in the U.S. National Accounts Brent R. Moulton Working Party on National Accounts, OECD Paris October.

BEA’s Measures of Capital Robert Kornfeld UNECE/Eurostat/OECD Task Force on Measuring Sustainable Development September 23-24, 2009.

BEA’s Government Accounts: Facing New Challenges Brian C. Moyer Chief, Government Division National Economic Accounts Data Users’ Conference April 13,

Measuring ICT Impact on Growth: a Survey of Recent Findings Vincenzo Spiezia Senior Economist Head, ICT Unit Directorate for Science, Technology & Industry.

National Accounts Experts’ Meeting October 2002 Economic Analysis and Statistics Division Directorate for Science, Technology and Industry OECD.

Digging into Construction Data Jeff Crawford NABE Teleconference April 8, 2010.

Seminar on Developing Programmes for the Implementation of the 2008 SNA & SEEA Ghana’s Presentation By Bernice Serwah Ofosu-Baadu (Head, National Accounts.

St. Vincent and the Grenadines Statistical Office IMPLEMENTATION OF 2008 SNA AND SUPPORTING ECONOMIC STATISTICS UNSD – KINGSTON, JAMAICA 30 JANUARY – 1.

International Capital Mobility Chapter 6. Outline 1.Indicators of the degree of international capital mobility (ICM) 2.Recent increase in ICM 3.Differences.

National Seminar on Intellectual Property and its Impact on Economic Development The Role of Intellectual Property in Promoting International Trade and.

What Might the Next Emerging- Market Financial Crisis Look Like? Morris Goldstein Dennis Weatherstone Senior Fellow Institute for International Economics.

The United States Research and Development Satellite Account: Estimates and Challenges Brent R. Moulton Joint UNECE/Eurostat/OECD Meeting on National Accounts.

U.S. Quarterly GDP by Industry Accounts: Methods and Research Results Brian C. Moyer 13th OECD-NBS Workshop on National Accounts Haikou, China.

Experimental Industry Estimates in BEA’s R&D Satellite Account Carol A. Robbins Industry Accounts Data Users Meeting October 26, 2007.

National Economic Accounts: What’s New and What’s Coming Carol E. Moylan National Economic Accounts Data Users’ Conference October 15, 2007.

1 Workshop on National Accounts 6-9 July 2009, New Delhi, India Gulab Singh UN Statistics Division South Asian Countries Compliance with the UN-NAQ Questionnaire.

China’s Input-Output Survey and Tabulation Method Comments 13th OECD – NBS Workshop on National Accounts November 40- December 4, 2009 Haikou, China Contact:

1 Priorities and challenges faced in implementing SNA 2008 in Belarus National Statistical Committee of the Republic of Belarus.

Understand the foundations of democracy Analyze the connections between democracy and the free enterprise system Identify the role of the Internet in.

A good measure of productivity Eric Bartelsman Vrije Universiteit Amsterdam and Tinbergen Institute Washington, World Bank, October 31, 2005.

Intellectual Property in the Netherlands Murat Tanriseven 1-3 December, 2010 WPNA meeting.

As an Engine for Economic Growth and Employment September 2014 Dr. Robert J. Shapiro.

Nadim Ahmad, Head of Trade and Competitiveness Statistics Division

New Annual National Accounts Publication

The United States is Failing to Keep Pace with Competitors’ Investments in R&D Among OECD nations, the United States ranks tenth in R&D intensity (national.

Regional Course on Informality: Informal economy, work and employment

Information Technology and the World Economy

THE BAHAMAS COUNTRY PRESENTATION

COMPREHENSIVE REVISION OF JAPANESE NATIONAL ACCOUNTS: UPDATE ON JSNA

Secular stagnation and growth measurement CONFERENCE

Annarosa Pesole, Imperial College London

Improved Measures of ICT in the US National Accounts

Workshop on Islamic finance in the national accounts

INFORMATION AND DIGITAL ECONOMICS(5ECON007W)

The United States is Failing to Keep Pace with Competitors’ Investments in R&D Among OECD nations, the United States ranks tenth in R&D intensity (national.

General Challenges and Drawbacks.

Presentation transcript:

1 Better Understanding the Role of Software in the Information Economy: A Preliminary Overview of Research, Policy and Measurement Challenges “Transforming Enterprise and Beyond: Connecting Research and Policy in the Digital Economy” Post Conference Workshop National Science Foundation, 29 January 2003 Andrew W. Wyckoff and Nadim Ahmad OECD, Paris France

2 ICT an important factor of Growth during the 1990s Jorgenson, Oliner & Sichel, vanArk, Stiroh, Gordon...OECD growing part of investment growing contribution to output growth / productivity

3 Recent ICT Investment: US Contributions to % change in US private fixed investment Source:US Bureau of Economic Analysis (BEA), NIPA tables.

4 Recent Investment in Software As a % of total private fixed investment Source:US Bureau of Economic Analysis (BEA), NIPA tables.

5 Recent ICT Investment: NLD As a % of total private fixed investment Source:OECD Quarterly National Accounts (QNA) database.

6 Why the jump after 1995? Myriad of explanations software / protocol innovations tend to be overlooked need better resolution in general, software as a case study

7 Policy Importance of Software Use Policies Services ICT literacy Supply Policies Competition Human capital Integrity S&T

8 Software as Investment in the National Accounts “Computer software that an enterprise expects to use in production for more than one year is treated as an intangible fixed asset.” ¶ and of the 1993 edition of SNA

9 Measuring Software in the SNA Pre-packaged / reproduced own account (in-house) customised (made-to-order)

10 Software investment % of GDP

11 Practical and Conceptual Problems =/ Supply Demand

12 Practical and Conceptual Problems Differentiating between: –intermediate expenditures (- 1 year) and –capital expenditures (+ 1 year).

13 Investment to Expenditure Ratios

14 Practical and Conceptual Problems Measuring Imports of an Intangible

15 Royalties Paid on Imports as a % of Imports of Software

16 Practical and Conceptual Problems Measuring Own-Account (in-house)

17 Practical and Conceptual Problems Accounting for changes (quality & price) over time

18 Software Price Indices

19 Practical 1st Steps Disaggregate ICT Need to better differentiate software via improved investment surveys Need to get to business accounting systems & standards

20 Longer-term Conceptual Issues improved typology how to value investments that you paid for but don’t own how to value capital services from an investment you did not pay for how to capture changes in the quality of a product over time where the objective measure of utility is difficult to ascertain